IIFL Finance repurchases USD 12.6 million notes due 2028

iifl finance has announced the re-purchase and cancellation of a portion of its Senior Secured Fixed Rate Notes due 2028. The company settled USD 12,615,301.22, which includes accrued interest, out of the total principal outstanding amount of USD 425,000,000. The re-purchase was conducted at a premium.

Transaction Details

The transaction pertains to notes issued under Regulation S and Rule 144A of the U.S. Securities Act 1933. The specific ISIN for the repurchased notes is USY3R78RET83. The re-purchase was executed within the limit approved by the Authorised Dealer bank.

Metric	Details
Total Principal Outstanding	USD 425,000,000
Amount Re-purchased	USD 12,615,301.22
Re-purchase Price	At a premium
ISIN	USY3R78RET83
Maturity	2028

Regulatory Compliance

The re-purchase of the notes is in compliance with the applicable laws, including the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. It also adheres to the Reserve Bank of India Master Direction regarding External Commercial Borrowings, Trade Credits, and Structured Obligations. The company confirmed that the action was taken pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as Regulation 116 of the International Financial Services Centres Authority (Listing) Regulations, 2024.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.93%	-0.12%	+1.38%	-15.44%	+12.13%	+73.52%

IIFL Finance Limited has received a tax demand order amounting to Rs.4,75,56,46,790 from the Joint Commissioner of Income Tax (OSD), Central Circle – 4(4), Mumbai, pursuant to assessment orders dated May 12, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026, and in continuation of an earlier intimation dated March 30, 2026.

Key Details of the Tax Demand

The demand has been raised under Section 158BC(1)(c) of the Income Tax Act, 1961, and pertains to a block assessment period spanning over six years. The following table summarises the key particulars of the order as disclosed by the company:

Parameter:	Details
Authority:	Joint Commissioner of Income Tax (OSD), Central Circle – 4(4), Mumbai
Assessment Period:	Block Period from April 01, 2018 to February 03, 2025
Date of Receipt of Order:	May 12, 2026
Statutory Provision:	Section 158BC(1)(c) of the Income Tax Act, 1961
Quantum of Demand:	Rs.4,75,56,46,790/-

Company's Position and Next Steps

IIFL Finance has stated that it believes it has duly discharged all applicable tax liabilities. The company asserts it has adequate factual and legal grounds to substantiate its position and does not expect any material impact on its financials or operations as a result of the said orders. The company is currently evaluating various options and has indicated it will pursue appeals against the orders under applicable laws.

The intimation was submitted by Samrat Sanyal, Company Secretary and Compliance Officer, from Mumbai on May 12, 2026, and was addressed to the listing departments of BSE Limited and the National Stock Exchange of India Limited, as well as the India International Exchange (IFSC) Limited, GIFT City, Gandhinagar.